Charles Schwab Corp (NYSE:SCHW) insider Walter W. Bettinger sold 15,056 shares of Charles Schwab Corp stock in a transaction on Wednesday, April 19th. The shares were sold at an average price of $38.57, for a total transaction of $580,709.92. Following the completion of the transaction, the insider now directly owns 277,464 shares in the company, valued at $10,701,786.48. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Charles Schwab Corp (NYSE:SCHW) traded up 1.04% on Thursday, reaching $38.68. 8,466,228 shares of the company’s stock were exchanged. The stock has a market capitalization of $51.64 billion, a P/E ratio of 29.53 and a beta of 1.78. The firm’s 50 day moving average is $40.77 and its 200 day moving average is $38.54. Charles Schwab Corp has a 1-year low of $23.83 and a 1-year high of $43.65.
Charles Schwab Corp (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, April 18th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. The business earned $2.08 billion during the quarter, compared to analyst estimates of $2.06 billion. Charles Schwab Corp had a return on equity of 14.65% and a net margin of 25.26%. The firm’s revenue was up 18.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.29 EPS. Analysts expect that Charles Schwab Corp will post $1.61 EPS for the current year.
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A number of brokerages have recently commented on SCHW. Keefe, Bruyette & Woods set a $44.00 target price on shares of Charles Schwab Corp and gave the company a “buy” rating in a report on Monday, April 10th. Nomura reissued a “buy” rating and issued a $46.00 price objective on shares of Charles Schwab Corp in a research note on Tuesday, April 11th. SunTrust Banks, Inc. dropped their price objective on shares of Charles Schwab Corp from $45.00 to $44.00 and set a “buy” rating on the stock in a research note on Wednesday. Deutsche Bank AG dropped their price objective on shares of Charles Schwab Corp from $46.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Instinet reissued a “conviction-buy” rating and issued a $46.00 price objective (up from $44.00) on shares of Charles Schwab Corp in a research note on Friday, April 14th. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $41.03.
Several large investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue purchased a new stake in shares of Charles Schwab Corp during the first quarter valued at about $330,000. West Coast Financial LLC raised its stake in shares of Charles Schwab Corp by 1.1% in the first quarter. West Coast Financial LLC now owns 91,884 shares of the financial services provider’s stock valued at $3,750,000 after buying an additional 955 shares in the last quarter. Columbus Circle Investors raised its stake in shares of Charles Schwab Corp by 4.2% in the first quarter. Columbus Circle Investors now owns 1,304,132 shares of the financial services provider’s stock valued at $53,222,000 after buying an additional 52,875 shares in the last quarter. Boys Arnold & Co. Inc. raised its stake in shares of Charles Schwab Corp by 1.1% in the first quarter. Boys Arnold & Co. Inc. now owns 61,132 shares of the financial services provider’s stock valued at $2,495,000 after buying an additional 638 shares in the last quarter. Finally, Mitchell Sinkler & Starr PA raised its stake in shares of Charles Schwab Corp by 0.6% in the first quarter. Mitchell Sinkler & Starr PA now owns 11,960 shares of the financial services provider’s stock valued at $488,000 after buying an additional 70 shares in the last quarter. Institutional investors and hedge funds own 78.34% of the company’s stock.
Charles Schwab Corp Company Profile
The Charles Schwab Corporation (CSC) is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, money management and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services.
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